Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile payment app that the two companies had developed.
The move is further fallout in corporate Germany amid an accounting scandal involving the German payments company Wirecard.
The app “Allianz Pay & Protect” allowed payments on Apple and Android devices to have insurance protection.
A spokeswoman declined to say how many customers it had but said it would be useable until the end of August.
(Reporting by Alexander Huebner; writing Tom Sims; editing by Thomas Seythal)
Related:
- SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator
- ‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion
- Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion
Copyright 2026 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
